Understanding the $VENI Token

A Comprehensive Guide to Venice Finance’s Native Governance Token

Published in

Venice Finance

8 min readFeb 28, 2023

Venice Finance is a decentralized exchange (DEX) built on the Findora chain, a privacy-preserving public blockchain designed to support confidential smart contracts. The Venice Finance platform is designed to provide users with fast, secure, and low-cost trading for a range of digital assets, with a focus on privacy and community governance.

One of the key components of the Venice Finance ecosystem is the VENI token. VENI is the native governance token of the Venice Finance platform, and it plays an essential role in the platform’s operations and governance. In this article, we’ll explore $VENI’s tokenomics, including its distribution, uses, and incentives.

$VENI Token Utilities

Governance: VENI holders can participate in community voting to influence the future direction of the platform. This can include voting on proposals related to the protocol, funding, and other key decisions.
Liquidity farming rewards: Users who provide liquidity to the platform can earn VENI rewards through liquidity farming. The lock period for liquidity farming is seven days, after which users can claim their full rewards. Alternatively, users can withdraw their rewards immediately but only receive 50% of the rewards, with the other 50% being considered a penalty and added to the penalty pool.
Trading fee pool rewards: The trading fee pool is a liquidity pool where VENI holders can stake or lock their VENI tokens and share commission fees from trading activity on the platform in the form of FRA tokens. And there is no lockup period for staking in the trading fee pool.
Penalty pool rewards: The penalty pool is a liquidity pool where VENI holders can lock up their tokens for three months to earn additional rewards. These rewards come from penalties incurred by users who withdraw their liquidity early. After the three-month lockup period, users can continue to earn rewards by leaving their tokens locked in the pool.

Overall, the VENI token serves as a key component of the Venice Finance ecosystem, providing users with incentives to participate actively in the platform and governance process. By carefully managing the tokenomics of VENI and providing a range of rewards and utilities, Venice Finance aims to promote the growth and success of the platform and its community.

$VENI Token Allocation and Unlocking Schedule

Venice Finance offers its users a chance to earn VENI tokens through liquidity farming. By adding liquidity in the form of LP tokens, users can generate rewards in VENI tokens, incentivizing their involvement in the platform. There is a lock-up period of seven days for these rewards, after which users can claim the full amount. If they choose to withdraw their rewards before the lock-up period ends, they will only receive 50% of the rewards, with the remaining 50% being added to a penalty pool.

Overall, liquidity farming is an essential aspect of the Venice Finance platform, as it incentivizes users to provide liquidity to the protocol, which can help to promote the growth of the platform. By offering rewards in the form of VENI tokens, Venice Finance provides users with a direct and tangible incentive to participate actively in the platform and the broader community.

$VENI Emission Schedule (Accumulated)

$VENI Yield Farming (First 90 Days)

VENI token serves as the primary governance token for the Venice Finance platform. It has a crucial impact on the platform’s operations and decision-making process. With the yield farming program, users can earn VENI tokens as rewards for adding liquidity to the platform’s pools, contributing to the growth and success of the Venice Finance ecosystem.

Venice Finance will support liquidity farming in the following pools:

FRA/VENI
FRA/ETH
FRA/USDT.e
FRA/BUSD.b
FRA/BNB

To incentivize users to participate in these pools, the rewards for mining VENI in the first 90 days will be at an all-time high compared to other release stages. This presents a unique opportunity for users to earn VENI tokens through liquidity farming and contribute to the growth of the Venice Finance platform. By providing these high rewards for VENI mining during the Genesis Mining phase, Venice Finance hopes to attract new users and promote the adoption of the VENI token as an integral part of the platform.

$VENI Farming

Venice Finance offers three different farming pools for incentivizing the users to provide liquidity to the protocol:

Liquidity Pair (LP token) Pools
Penalty Pool: the penalty pool is a pool that collects penalties incurred by other users who early withdraw their rewards in liquidity farming.
Trading Fee Pool: the trading fee pool is a pool that collects a percentage of the trading fees generated on the platform. When users swap tokens on Venice Finance, the platform collects a small portion of the swapped tokens as a trading fee. The trading fee is set at 0.2% of the total trading volume. The collected trading fees are then converted into FRA tokens and transferred to the trading fee pool.

And users are free to choose the following three farming methods for their best interest:

Liquidity Pair (LP Token) Pool Farming

Yield farming is a process by which users can earn rewards by providing liquidity to a decentralized finance (DeFi) platform. Yield farming is a popular practice in the DeFi space, and Venice Finance is no exception. The platform offers yield farming through its liquidity farming program, where users can earn VENI tokens as rewards for providing liquidity to the platform’s pools.

To participate in yield farming on Venice Finance, users need to first provide liquidity to one of the supported liquidity pools on the platform, such as the FRA/VENI pool, FRA/ETH pool, and others. Users can provide liquidity by depositing two assets into the pool. For example, users could deposit an equal value of FRA and VENI tokens into the FRA/VENI pool to get FRA/VENI LP token and stake the LP token to earn VENI tokens as rewards. The rewards will be distributed on a pro-rata basis, meaning that users who contribute more liquidity will receive a larger share of the rewards.

VENI Stake Farming

VENI Stake Farming is a farming method offered by Venice Finance where users can stake their VENI tokens and earn rewards in the form of FRA tokens from the trading fee pool. This farming method provides users with a way to earn rewards without having to provide liquidity to the platform’s pools.

To participate in VENI Stake Farming, users simply need to stake their VENI tokens in the VENI Stake Farming pool. There is no lockup period for staking VENI tokens in this pool, which means that users can stake and unstake their VENI tokens in the pool at any time without any penalty.

The rewards for VENI Stake Farming are distributed in proportion to the amount of VENI tokens staked in the pool. This means that users who stake more VENI tokens can earn more rewards from the trading fee pool.

VENI Lock Farming

VENI Lock Farming is a farming method offered by Venice Finance where users can stake their VENI tokens for a lockup period of three months and earn rewards from both the trading fee pool and the penalty pool. This farming method provides users with a way to earn rewards by locking up their VENI tokens for a longer period of time for more rewards.

To participate in VENI Lock Farming, users must stake and lock their VENI tokens for a lockup period of three months. Users cannot withdraw their staked VENI tokens early and must wait until the end of the lockup period to claim their rewards. Once the lockup period ends, users can claim their rewards from both the trading fee pool and the penalty pool for both VENI and FRA tokens.

The rewards for VENI Lock Farming are distributed in proportion to the amount of VENI tokens staked in the pool. This means that users who stake more VENI tokens can earn more rewards from the trading fee pool and the penalty pool.

About Venice Finance

Venice is building the First Front-running Resistant, Privacy-preserving AMM DEX in the World. Venice is a next-generation, Zero-Knowledge powered decentralized exchange, primarily focused on privacy preservation, front-running resistance, and cross-chain liquidity aggregation.

Read more about Venice Finance here:

Legal Disclaimer

Please be advised that the VENICEFINANCE project is currently in beta and is provided on an “AS IS” and “UNDER DEVELOPMENT” basis. By using this project, you do so at your own risk. The developers of VENICEFINANCE make no warranty whatsoever with respect to the beta demo, including any warranty of merchantability, fitness for a particular purpose, title, or against infringement of intellectual property rights of a third party, whether arising by law, course of dealing, course of performance, usage of trade, or otherwise.

THE DEVELOPERS OF VENICEFINANCE MAKE NO WARRANTY WHATSOEVER WITH RESPECT TO THE BETA DEMO, INCLUDING ANY (A) WARRANTY OF MERCHANTABILITY; (B) WARRANTY OF FITNESS FOR A PARTICULAR PURPOSE; © WARRANTY OF TITLE; OR (D) WARRANTY AGAINST INFRINGEMENT OF INTELLECTUAL PROPERTY RIGHTS OF A THIRD PARTY; WHETHER ARISING BY LAW, COURSE OF DEALING, COURSE OF PERFORMANCE, USAGE OF TRADE, OR OTHERWISE.

Nationals and residents of the following countries are restricted from participation: Afghanistan, Cuba, Democratic Republic of the Congo, Guinea-Bissau, Iran, Iraq, Lebanon, Libya, Myanmar, North Korea, Somalia, Sudan, Syria, Yemen, Zimbabwe, and the Crimea region of Ukraine.

The project is operated by VeniceFinance Community around the globe outside the United States of America.